Choate Investment Advisors Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Choate Investment Advisors increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 24,137 shares of the exchange traded fund’s stock after acquiring an additional 22 shares during the quarter. Choate Investment Advisors’ holdings in Invesco QQQ were worth $12,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. raised its holdings in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Invesco QQQ by 3.9% during the third quarter. Valley Wealth Managers Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 58 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Invesco QQQ during the third quarter worth $12,044,000. Finally, Miramar Capital LLC raised its holdings in shares of Invesco QQQ by 23.1% during the third quarter. Miramar Capital LLC now owns 1,960 shares of the exchange traded fund’s stock worth $957,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $479.66 on Friday. The firm has a market cap of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. The firm’s fifty day moving average is $514.89 and its 200 day moving average is $503.85. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.